TRON (TRX) Long-Term Price Forecast- January 27

2019-1-27 14:59

TRX/USD Long-term Trend: Bullish

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is in a bullish trend. The journey upward within the range was actually continued as predicted in last week analysis. The bullish pressure broke the upper supply area of the range at $0.02881 as the week ended on 26th January.

TRXUSD rose to $0.02961 in the supply area and closed above the two EMAs.

The new week started on a bullish note with $0.02897 as the opening price. The cryptocurrency is already up at $0.03122 in the supply area due to the bullish momentum. With the stochastic oscillator in the overbought region at 87% and its signal pointing up it suggests an upward momentum in price within the coming days.

A retest of $0.03585 in the supply area may occur in this week as the bullish pressure becomes much stronger and more candle opened and closed above the two EMAs.

 

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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